# Zywa

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zywa

- Industry: Financial Services
- Headquarters: Dubai, United Arab Emirates
- Website: www.zywa.co
- Total disclosed funding: $3M
- Latest round: Seed (Aug 22, 2022)
- Investors on record: 5

## About

Based in Dubai, United Arab Emirates and founded in 2020 by Alok Kumar and Nuha Hashem, Zywa operates as a neobank for teenagers in the Middle East and North Africa region. In January 2022, Zywa, raised USD 1 million in venture funding led by new investor Y combinator along with individual investors including executives from Google, Amazon, Netflix, McKinsey and Morgan Stanley.

Zywa offers a social banking app and a payment card to users aged between 11-21 years, allowing them to go cashless. The application facilitates their interaction with their peers, earn rewards, and collect NFTs on the side. Zywa also allows parents to track their kids’ spending and saving behaviour and transfer money instantly to their kids. 

The company plans to use funds to expand its services to Egypt and the UAE with plans to go live in Saudi Arabia by 2023.

## Funding rounds

- Seed, Aug 22, 2022, $3M — Goodwater Capital, Rebel Fund, Dubai Future District Fund, Trampoline Ventures, ZEMU

## Investors

- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Seed
- Rebel Fund (https://capitalatlas.ai/funds/rebel-fund) — Seed
- Dubai Future District Fund (https://capitalatlas.ai/funds/dubai-future-district-fund) — Seed
- Trampoline Ventures — Seed
- ZEMU (https://capitalatlas.ai/funds/zemu) — Seed